Introduce YourselfWelcome all new forum members. Please introduce yourself and tell us about you. Tell us about your company. How did you get started? How long have you been in business? What do you do for fun? Don't be shy, say hello! It's fun and educational to interact on the forum!

New Member

Introduce Yourself

Welcome all new forum members. Please introduce yourself and tell us about you. Tell us about your company. How did you get started? How long have you been in business? What do you do for fun? Don't be shy, say hello! It's fun and educational to interact on the forum!

I am a new member, I have a small business of about 26 accounts right now and looking to grow slowly as I do all the work by myself. always looking for advice on how to improve business. In the winters I am a tax accountant, so if anybody needs advice, I would be more than glad to help.

I feel the biggest mistakes made in accounting for the industry is classifying assets and making hte correct entry when a payment is made in Quickbooks. Quickbooks is a great tool, but if you do not know a little bookkeeping it can make it #### on your accountant. A new asset should be listed as a fixed asset, with a current liability set up for the amount due. Both balances should be equal to start. Any payments made should reduce the liability and dont forget to keep track of depreciation and accumulated depreciation for year end.